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12/10/2019 | Press release | Distributed by Public on 12/10/2019 14:58

BELL BOEING DELIVERS FIRST MODIFIED OSPREY FOR IMPROVED FLEET READINESS

Upgrade reduces configuration types to streamline maintenance and repairs

PHILADELPHIA (Dec. 10, 2019) - Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, and Boeing [NYSE: BA] have delivered the first modified MV-22 Osprey to the United States Marine Corps for improved readiness and reliability of the tiltrotor fleet.

The Marines have multiple configurations of the MV-22 aircraft in service. Under the Common Configuration - Readiness and Modernization (CC-RAM) program, Bell Boeing is reducing the number of configurations by upgrading block 'B' aircraft to the current block 'C' configuration.

'Our first CC-RAM aircraft returning to MCAS New River was a key program benchmark,' said U.S. Marine Corps Col. Matthew Kelly, program manager, V-22 Joint Program Office (PMA-275). 'We are excited to see the capability, commonality and readiness improvements these CC-RAM aircraft bring to the fleet as part of the Marine Corps' V-22 readiness program.'


Bell Boeing has delivered the first modified aircraft in the Common Configuration Readiness and Modernization (CC-RAM) program.

As a block B configuration, this MV-22 was originally delivered to the fleet in 2005. In 2018, the aircraft flew from Marine Corps Air Station New River back to the Boeing Philadelphia facility for modernization.

'This delivery is an important milestone for the Marine Corps' MV-22 readiness and modernization campaign.' said Chris Gehler, Bell V-22 VP and Program Director. 'Through this campaign, Bell Boeing, in partnership with HQMC and NAVAIR, is returning improved MV-22s to the fleet where the V-22 continues to be an essential aviation resource worldwide.'

The next CC-RAM delivery is expected in early 2020.

'We look forward to having the remaining MV-22 Block 'B' aircraft rejoin the fleet in a Block 'C' configuration,' said Kelly.

In November 2019, the U.S. Navy awarded Bell Boeing $146,039,547 to upgrade nine additional MV-22 aircraft under the CC-RAM program, with work expected to be completed in March 2022.

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ABOUT BELL
Thinking above and beyond is what we do. For more than 80 years, we've been reimagining the experience of flight - and where it can take us.

We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA's first lunar mission and brought advanced tiltrotor systems to market. Today, we're defining the future of on-demand mobility.

Headquartered in Fort Worth, Texas - as a wholly-owned subsidiary of Textron Inc., - we have strategic locations around the globe. And with more than 1,300 of our workforce having served, helping our military achieve their missions is a passion of ours.

Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.

ABOUT TEXTRON INC.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com.

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to, risks related to U.S. Government contracts as described in our filings with the Securities and Exchange Commission.